Cedar

Cedar: The Healthcare Hero We've Been Waiting For

Meet Cedar, the superhero of the healthcare industry! This company is on a mission to tackle the U.S. healthcare system, which, let's be honest, could do with a little (or a lot) of TLC. With over 50 million Americans suffering adverse financial consequences due to healthcare costs each year, Cedar has swooped in to save the day.

Mission: Affordable and Accessible Healthcare

Cedar's secret weapon? Data science, smart product design, and personalization. The company is determined to shake up the traditional "one-size-fits-all" approach to healthcare. They're excited to leverage consumer best practices to deliver a superior experience. So, if you're tired of being treated like a number, Cedar is here to treat you like a human.

Driving Better Outcomes

Cedar's mission doesn’t stop at just improving the patient experience. They're also committed to driving better outcomes for everyone involved in the healthcare process, including providers and insurance companies. They're uniquely equipped to solve problems that lead to billing issues and administrative waste. In other words, they're like the Swiss army knife of healthcare.

A Culture of Good Judgment and Autonomy

Cedar believes in using good judgment and giving its employees the autonomy to be successful. They're all about assessing risk across the company and making decisions about the risk they should prioritize. It's a collaborative and inclusive environment where everyone's voice matters.

Cedar's Growth and Impact

Cedar is not just a dreamer; they're a doer. Co-founded by Florian Otto and Arel Lidow in 2016, they've since become a leading healthcare technology company fueled by remarkable growth. They've raised over $350 million in funding and boast a valuation of $3.2 billion. Now that's what we call success!

As of December 2022, Cedar is engaging with 20 million patients annually and is on target to process $2.7 billion in patient payments each year. Their ambition is to serve 50-60 million Americans by 2025, partnering with leading healthcare providers and payers.

So, if you're looking for a company that's making a real difference in the world, look no further than Cedar. They're not just transforming healthcare; they're transforming lives.